Fingers on Wall Street

The best analogy at this point is that you don't want to try to catch a falling knife. It's really hard to call a stock market bottom and there are fingers all over Wall Street from those who have tried, but were too early in late-February and early-March. 

The markets have bounced from their lows, led by the heavy weight technology and healthcare companies. Central banks and policy makers are also doing their part by slashing interest rates and implementing stimulus measures to support the economy. However, there is still plenty of value in other sectors yet to raise from the ashes. 

In normal times, there is more clarity over the short-run than in the long-run. Paradoxically, economic conditions five years from now seems easier to predict than next month. I am optimistic.

If investing for the long-run, now may be a good time to slowly start scaling back into the riskier assets; selling bonds and buying stocks. The safest path forward is to average back over two or three purchases rather than all at once.